Alliance Resource Partners, L.P. Announces Issuance of WARN Act Notice at Excel Mining, LLC
Alliance Resource Partners, L.P. - Common Units Representing Limited Partnership Interests (ARLP)
Last alliance resource partners, l.p. - common units representing limited partnership interests earnings: 1/27 07:00 am
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Source: Business Wire
TULSA, Okla.--(BUSINESS WIRE)--Alliance Resource Partners, L.P. (NASDAQ: ARLP) (“ARLP” or the “Partnership”) announced today that its subsidiary, Excel Mining, LLC (“Excel”), issued Worker Adjustment and Retraining Notification (“WARN”) Act notices to all of its approximately 280 employees of the MC Mining Complex in Pike County, Kentucky."The decision to issue WARN notices at the MC Mining Complex was not made lightly," said Joseph W. Craft, III, Chairman, President and Chief Executive Officer. "Despite our continued efforts to navigate challenging geology and market conditions, persistent weakness in coal demand, compounded by some delays in timely payment for committed coal sales, has necessitated this difficult but necessary step to begin winding down production operations. We deeply regret the impact this decision has on our employees, their families, and their communities."The MC Mining Complex is owned by MC Mining, LLC and operated by Excel, both wholly-owned subsidiaries
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News
- Alliance Resource Partners, L.P. (NASDAQ: ARLP) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Alliance Resource Partners, L.P. Announces Issuance of WARN Act Notice at Excel Mining, LLC [Yahoo! Finance]Yahoo! Finance
- Alliance Resource Partners, L.P. (NASDAQ: ARLP) had its price target raised by analysts at Benchmark Co. from $26.00 to $27.00. They now have a "buy" rating on the stock.MarketBeat
- Alliance Resource Partners (ARLP) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Alliance Resource Partners GAAP EPS of $0.66 misses by $0.18, revenue of $613.6M misses by $28.26M [Seeking Alpha]Seeking Alpha
ARLP
Earnings
- 10/28/24 - Miss
ARLP
Sec Filings
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- ARLP's page on the SEC website